If you are a speculator, you should know the market trend of the leading currency because it has a strong impact on the rest of the cryptocurrencies. You saw for yourself when BTC corrected what happened to the rest Always keep cash as a support for you in case of any decline, even in the decline, and do not covet the rise. $BTC
We noticed that as soon as BTC went down, most currencies rushed to go down, even those that did not witness strong increases. The conflict is between fear and greed. $BTC
For me I don't put stop loss for a currency less than $30 to $100 if its volume is small and I use the arithmetic average when the currency goes down to reduce the cost of buying For example, this currency $MLN I bought 22 quantities and went down. Wait until it reaches 18 and buy the same first quantity. The average comes out to be 20 and you can get out if you want or be patient with it. Patience, brothers, for good currencies. Majdi. Who would have expected Bitcoin to reach this price?
Making money from trading is not easy#BTC☀ To win from trading you need patience, self-control and the ability to endure. No matter how professional you are, you may be exposed to losses. Planning and distributing the portfolio helps reduce losses. Do not put everything you own in one currency, no matter how strong it is 💪🏻 Also, follow political and economic news because it has a great impact on the market
Note that the currencies that are rising the most are the ones with the largest volume since the launch of Bitcoin. Small currencies start to rise strongly after exiting the large currencies, the highest rise is sold $XRP
The market is dominated by collective behavior, meaning that most currencies rise with the rise of Bitcoin, and also with the decline of even large currencies such as ETH. $BTC
Most other currencies are currently experiencing modest increases, rising and returning to the same place when BTC declines. This gives indicators of the psychological state that play a major role in market trends. $BTC